noun
a term used to describe the demographic cohort of individuals who are renting rather than owning homes
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The concept of Generation Rent refers to the group of young people who are unable to afford to buy their own homes.
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Generation Rent is struggling to save up for a down payment on a house.
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Many in Generation Rent are resigned to the idea of renting for the foreseeable future.
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The rise of Generation Rent symbolizes the shifting attitudes towards homeownership in modern society.